costs are inflexable.
That changes the marginal half of the corn crop quickly. Without cattle, acres will change quickly.
These facts do not make me a bull in the market -------- just a realist and hopefully a survivor.
We are seeing the same thing on yield. Field we finished yesterday was 40 below 10 year and 56 below last year.
I don't think anyone understands how in these two small corn growing states how much is raised west and how little is raised east.
Oklahoma sets there Insurance price Tuesday. I called my insurance guy to tell him to get ready for a huge loss and he thinks I'm crazy. Goss's Hail Wind Heat Drought Flood we had it all this year. There will be some good corn in the area but it won't be the norm that everyone is thinking of.
I farm for a guy from Minnesota. He told me the early beans were few and unbelievably cartoon type yields. The late beans will stink and most were late.
Yes yes and yes ------ Not a good year --- and we have pretty good water.
All of the things you mentioned. A below average year.
Where are you peaceman?
The sw plains is interesting, it is "NW Iowa" out of place. Much of the corn raised in texas, Okla, and a lot of the corn raised in Kansas all within 200 miles ------- A pretty productive spot. No wonder Iowa and Neb moved all those feeders down here years ago.
This year has convinced me that USDA is disfunctional and lives in Illinois. They ignore their own offices when it comes to crop "generating" projections. Just another welfare office paying off the voters.